Form 4: FormFactor CEO Mike Slessor Reports Stock Transactions

FormFactor CEO Mike Slessor reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On February 5, 2025, Mike Slessor, CEO of FormFactor Inc., reported transactions involving the company's common stock.
• Slessor acquired 3,644 shares of common stock through the vesting of restricted stock units.
• Simultaneously, Slessor disposed of 2,151 shares to cover tax withholding obligations at a price of $41.12 per share.
• Following these transactions, Slessor beneficially owns 520,024 shares of FormFactor Inc.
• The restricted stock units were granted on August 5, 2024, and vest in twelve quarterly installments, concluding on August 5, 2027.
• Vested shares will be settled into common stock on or following the vesting date.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports routine stock transactions related to executive compensation.

Future Outlook

The restricted stock units will continue to vest in quarterly installments until August 5, 2027, potentially leading to further transactions.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's confidence in the company's future prospects.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

FormFactor, Slessor, Stock, Restricted Stock Units, Vesting, Tax Withholding, Beneficial Ownership, SEC Form 4